Investing.com - The S&P; 500 ended higher Friday, as President Donald Trump offered some hope on a quick resolution to the U.S.-China trade war, but a warning from Beijing that it's not above launching further countermeasures against Washington kept gains in check.

Barclays announces the appointment of Taylor Wright as a Managing Director and Co-Head of US Equity Capital Markets . Mr. Wright will be based in New York, and will report to Jean-Francois Astier, Global Head of Capital Markets at Barclays.

Barclays announces the appointment of Akhil Ahuja as Head of Enterprise and Communications Technology Banking. Mr. Ahuja will be based in Menlo Park, California, and will report to Laurence Braham and Greg Dalvito, Co-Heads of Technology Banking at Barclays. Mr. Ahuja joins Barclays with over fifteen years of experience in Banking, most recently as Managing Director and Head of Systems and Infrastructure Software Banking at Wells Fargo Securities.

The results of India’s elections are due this week, South Africa will decide on interest rates and Argentinian investors will be able to react to Cristina Fernandez de Kirchner’s surprise decision to run as a vice-presidential candidate, potentially adding volatility to an asset class already famed for its erratic behavior. “Some interesting opportunities are beginning to present themselves in some spots of the EM universe, but over the coming weeks it feels like caution is warranted,” said Paul Greer, a London-based money manager at Fidelity International, whose emerging-market debt fund has outperformed 98% of peers this year after reducing risk in recent months.

European stocks recorded broad-based losses on Monday, as a U.S. crackdown on China's Huawei Technologies rekindled concerns about worsening global trade and wilted the continent's trade-exposed tech and auto stocks. Global risk appetite was jolted after Reuters reported Alphabet Inc's Google suspended some business with Huawei, while Apple Inc supplier Lumentum Holdings Inc said it had discontinued all shipments to Huawei.

A Ryanair profit warning pressured airline and travel stocks and chipmakers slid after Infineon halted shipments to Huawei as U.S.-China trade tensions kept a lid on the STOXX 600 at the open on Monday. Europe's largest low-cost carrier Ryanair landed at the bottom of the STOXX 600 after issuing a profit warning as it grapples with overcapacity, Brexit and delays in delivery of the Boeing 737 Max. Nokia jumped 3.1%, the most on the STOXX 600, while Ericsson gained 1.3%, as any damage to Huawei could benefit the European telecom equipment makers.

(Reuters) - Britain's Co-op Bank approached Barclays Plc in November about Barclays acquiring it, but the talks did not proceed beyond the exploratory stage, the Telegraph newspaper reported late on Saturday.

Several of the world's largest banks are in the process of investing around $50 million to create a digital cash system using blockchain technology to settle financial transactions, according to people familiar with the plans. The previously disclosed project, known as the "utility settlement coin," was first proposed by Swiss bank UBS Group AG and London-based technology startup Clearmatics in 2015. It aims to develop a system to make clearing and settlement in financial markets more efficient.

On April 29, 2019, Barclays Bank PLC (“Barclays”) had announced the transfer of primary listing for sixteen iPath Exchange Traded Notes from NYSE and NASDAQ to CBOE. Barclays Bank PLC (“Barclays”) announced today that the NASDAQ exchange (the “Exchange”) has notified Barclays that as an issuer Barclays did not comply with the NASDAQ listing rule 5840(j) (the “Rule”) that requires an issuer that chooses to voluntarily delist its securities to notify NASDAQ at least 10 days prior to filing a Form 25 and publish notice of the intent to delist, along with the reasons for the delisting, via press release.

Mexico’s central bank voted unanimously to keep its key interest rate at the highest in a decade after inflation exceeded the target range. Banco de Mexico, led by Governor Alejandro Diaz de Leon, left borrowing costs at 8.25%, in line with the forecasts of all 23 economists surveyed by Bloomberg. Inflation risks remain to the upside and the central bank will keep a prudent monetary stance, according to the statement following the decision.

Today, Unreasonable Group and Barclays released a new report highlighting the remarkable accomplishments of the Unreasonable Impact program from the first three years of the partnership. Co-founded in 2016, this unique accelerator supports growth-stage entrepreneurs, whose ventures have the potential to employ thousands worldwide while solving some of the most pressing global social and environmental challenges.

BRUSSELS/LONDON, May 16 (Reuters) - Barclays, Citigroup, JP Morgan, MUFG and Royal Bank of Scotland were fined a combined 1.07 billion euros ($1.2 billion) by the European Union on Thursday for rigging the multi-trillion dollar foreign exchange market. Banks have been hit with billions of dollars in penalties worldwide over the last decade for the rigging of benchmarks used in many day-to-day financial transactions, further damaging the industry's fragile reputation after the financial crisis. The European Commission said individual traders at the banks involved formed two cartels to manipulate the spot foreign exchange market for 11 currencies, including the dollar, the euro and the pound.

Barclays, Citigroup, J.P. Morgan, MUFG and Royal Bank of Scotland have been fined a total of 1.07 billion euros ($1.2 billion) by EU antitrust regulators for rigging the spot foreign exchange market for 11 currencies. Swiss bank UBS was exempted from a 285 million euro fine since it alerted the existence of two cartels to the European Commission. A similar case with the U.S. regulators is ongoing where Barclays, BNP Paribas, Citigroup, J.P. Morgan, Royal Bank of Scotland and UBS have entered related guilty pleas, and been collectively fined more than $2.8 billion.

Noor Bank is working with Barclays Plc on the deal, the people said, asking not to be identified because the discussions are private. An acquisition would create a lender with 278 billion dirhams ($76 billion) in assets. Dubai Islamic Bank can see “a lot of synergies with an acquisition of Noor,” Chief Executive Officer Adnan Chilwan said last month after Bloomberg reported that the companies had held initial talks.

(Bloomberg) -- Emerging-market equities saw their worst rout last week since February 2018, while currencies extended a four-week losing streak as trade clashes intensified between the world’s two largest economies. The U.S. ratcheted up tariffs on $200 billion of goods from China, which vowed to retaliate.

China's Foreign Ministry Spokesman Says He Wasn't Aware of Any Xi-Trump Phone CallHere are the KEY TAKEAWAYS from U.S.-China trade tensions Friday:The Trump administration imposed a 25% tariff on more than $200 billion in Chinese goods, up from 10% before, in its most aggressive step yet in the trade war. China said it will take ``necessary countermeasures,'' though has yet to specify themDay one of talks between top Chinese and U.S. economic officials in Washington ended with little progress and a downbeat mood, according to people familiar with the talks. The index closed up 3.1% and the yuan roseInvestors are also on the lookout for any sign of a call between Presidents Donald Trump and Xi Jinping, after Trump said he’d received a letter from Xi and flagged the potential for a phone conversation between themNext steps to watch include the details on China’s retaliation, news on any broader stimulus efforts to safeguard growth and on any move by Trump to impose new 25% tariffs on $325 billion more of imports, a threat that he reiterated Thursday Chris Anstey Managing Editor, Asia Cross-Asset Markets05/10 03:55 ETThank you for following our coverage of the ongoing China-U.S. trade spat.